Open Network for Digital Commerce: Kotak Mahindra, Axis Bank acquire nearly 8% stake each in ONDC
Kotak Mahindra Bank and Axis Bank have acquired 7.84 per cent stake each in the open public digital infrastructure framework entity ONDC.
ONDC was incorporated in India on December 30, 2021 and is into creating an open public digital infrastructure to develop and transform the Indian digital commerce ecosystem for both goods and services. Pic: Reuters, https://twitter.com/OND